overseas. in terms ofourforeignpolicy. ifwe need to keep doing that and we have to keep doing it. we have to tell the american people how bloody and how long this war is going to be. this has nothing to do with gender equality or elections. it has to do with waging war against people believe to be interfering with their land and their faith. lou: thank you both for being with us. >> thank you, sir. lou: up next, the markets recover after yesterday's massive sell-off. we will show you why here next. ♪ @ ♪ lou: stocks recovered from the biggest 1-day sell-off of this year on encouraging news on housing. joining us now, a senior u.s. economist for deutsche bank securities. this is a pretty impressive performance today. is it convincing enough hat we are going to see more strength on the days ahead? >> it certainly has been impressive as a performance. i think a lot of the movement we saw today was just to recover from the massive sell-off yesterday when the news of the tragedy in boston struck. stocks went into a sharp nosedive. the news that it was a relatively limited event

plitations for civil liberties questions,potentiallyforeignpolicyquestions.i want to listen for a second to president bush after 9/11 just as a reminder where we were as we talked about what happened in that moment. let's take a listen. >> on september 11th, enemies of freedom committed an act of war against our country. our war on terror begins without data. but it does not end there. it will not end until every terrorist group of global reach has been found, stopped and defeated. [ applause ] >> so this set out the parameters,ary that we have been working under for the past decade or more. >> yeah. that was the global war on terror. there was a big gap between that rhetoric we just heard and the legal authority that the president actually had, which under the 2001 authorization of force was to only pursue al qaeda, the taliban and groups directly found responsible for 9/11. we'll continue to have that legal friction both on civil liberties and foreign policy questions. the first instinct to combat is that people are rightfully outraged at these killers. part of what they want to do is

not only a lost opportunity domestically.theforeignpolicyofthis also. the most interesting thing that reagan did early on in foreign policy was the air traffic controller strike and toughness at times at home have repercussions aboeroad. this story got lost because of the boston bombings. >> but helps new awax. you only have to send that message once or twice to have one person go back and go, he is crazy. you know what he just told me? he said he was going to destroy me. >> what the president, what president obama, for reasons not only to him and his nature, clearly does not do or cannot do is something that lyndon johnson did do and this story has been repeated too many times for it not to be apockrifal. frank church a senator from idaho opposed senator johnson on an element of vietnam policy and another senator, i forget which one, wanted a line in an appropriations bill for a dam in his state. and he was on the fence with regard to lyndon johnson's view on vietnam policy. he called the president specifically asking, i need this. kou help me get it? and the president of the un

of charges that becomes abigforeignpolicyproblem.that's one of the reasons why the state department was so opposed to the waterboarding under colin powell. >> exactly. to have it labeled -- so then you get into the territory of were crimes committed? and what kind of future implications there are for that. >> briefly, before i let you go. we do want to talk about it in more detail, the book. the appreciate now to move the program from the cia back to where many say it afc belonged in the military where there could be more oversight. what you've uncovered is the extent of secret relationships with pakistan, things that have never been reported, never been revealed, i guess, to other than the intel gens community? >> i think when you look at the history of the secret war since 9/11, there's so much that's gone on in the shadows that we have not known about and not certainly told to the public or told to congress. as you said, pressure is building to become more transparent. president obama set in the state of the union there would be more transparency, and we'll see what happens. >> t

pillar of our 21stcenturyforeignpolicy. there'sno disagreement about that in my country. the parliament passed last year anonymously a policy resolution which defined the icelandic objective in the arctic. so together with the other nordic countries we hope to play a constructive part and evidence of this was that few months ago one of our april servant was the first director general of the secretary of the arctic. >> several currency questions. the icelandic money is coming out of financial turmoil. what would you consider the future of the money? and are you considering any alternative currency for iceland ? >> i think it's a positive indication of how we have all dealt with the financial crisis. i can comment on the national press club only six minutes are left and i get that question. [laughter] of the financial issues. nobody would believe that for a five years ago. without in state of affairs we could perhaps come together again and talk about how we're the financial crisis and how we dealt with a crisis in a different way from many other countries. how we did not

unwavering in her support of president reagan. justtheforeign- policysupport.famously, they both worked to sort of speak half-truths about the unsustainability of the soviet union, something that coincided with the placing of the soviet union under its own contradiction. some will tell you it was almost like moses parting the red sea. i don't think it was quite that. but clearly, the truth telling was not irrelevant. hope tonor ms. dissidents working behind the eastern bloc. domestically, they had a -- theyusly important were trying something very radical. they wanted a break with the economic policies of the past. the fact that they were not isolated, they could point to someone on the other side of the ocean in charge of this was important. that made quite a difference. you can see in the tributes paid to lady thatcher, people who work closely to president reagan saying it made a difference. he is not on his own. there is an impressive leader in europe who shares his ideas. host: was it vice versa for her in britain? guest: it was. famously, they got along well. but there were differe

. and really at the heart of it is the fact that one of obama's enduring legacies when it comestoforeignpolicy,he has solidified assassination as an essential component of policy. >> they can do it in the shadows, as you pointed out. in the book, i would say there hasn't been a lot of public resistance aside from people like you and others in the press. how have they done this without facing much resistance? publicly or inside the government from people who should be stepping up and saying, wait a minute, we can't kill u.s. citizens without due process? >> right, i think there's no question that if john mccain had won the election in 2008 or mitt romney had won it in 2012 that liberals would be screaming about this stuff and saying, you know, that -- there would be this thing, war crimes, we should do impeachment and the reality is that i think a lot of people -- and i think this is sincere. a lot of people so fed up with the iraq war, perceived as the sort of crimes of the bush administration they wanted it to end and the obama administration has sold people a bill of goods. the idea

because of presidentobama'sforeignpolicywithregard to terrorism. that would also be outrageous. >> there are two sides to this fence. don't politicize an event like this. don't do it. that's opinion, okay. >>steve: stuart varney is going to have a lot to talk about over at fox business today, 9:20 eastern time where he takes control of that channel each and every week. all right, stewart. >>gretchen: coming up, boston has a message for the attacker. we'll show you how citizens are speaking out now. >>brian: a dad passes out behind the wheel, and his young kids spring into action. >> we're going 90. >>brian: the outcome? >>brian: the outcome? nothing short of a miracle. with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the 47 combined mpg c-max hybrid. bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh!

right or wrong, you'll never get in trouble. if you want to be criticalofforeignpolicybecauseyou belief, as a citizen -- remember, we have a thing called the constitution. all men are created equal. everybody, at least from the beginning, white, male, 2 1, with property, could vote. since then we've expanded -- well, i'm not being sarcastic because in terms of the world to have any white male who was sovereign, that we were sovereign. the american revolution declared the people sovereign rather than a king or queen. you couldn't have a king or queen taking your land away because they had finch it to you through sovereign rights. so if every citizen has a right to say what they should or should not do in our government, we would think we could respect that, and yet at the very beginning of the iraq war, when susan sarandon and tim robbins spoke out against the war, they had their invitation to talk to the baseball hall of fame withdrawn. and right after that i had a crew from fox news come to my house to interview me, because i don't go to the studios anymore. they want me? they